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Fiji's Attorney-General Aiyaz Sayed-Khaiyum Tuesday held a virtual discussion with the Minister for Pacific and the Environment at the UK Foreign, Commonwealth & Development Office (FCDO) and the Department for Environment, Food and Rural Affairs (DEFRA), Lord Zac Goldsmith to discuss how the United Kingdom can best work with Fiji ahead of COP26.
“Fiji acknowledges the initiative taken by the UK COP26 Presidency to organise the virtual Climate Ambition Summit on 12 December 2020 – the fifth anniversary of the Paris Agreement,” the AG highlighted.
“We are pleased to highlight that we will be beginning comprehensive public consultations on the second draft of the Climate Change Bill from today (18/11) that will entail focused discussions with the general public, private sector, academia, civil society and development partners throughout December 2020 and January 2021.”
“Following this consultation process, the draft Bill is planned to be tabled to Parliament in early 2021,” the A-G added.
The A-G highlighted Fiji’s strong interest to launch a sovereign blue bond at COP26 that is coupled with bond interest subsidy support from the Government of UK and other like-minded development partners.
“This is crucial to help lower the cost of accessing capital markets in pursuit of innovative opportunities for climate finance mobilisation.”
Discussions also entailed Fiji’s strong participation in the upcoming Climate Ambition Summit with a focus on announcing Fiji’s updated Nationally Determined Contribution (NDC).
“Fiji’s updated NDC is expected to recognise that Fiji’s ocean is an important source of sequestration and will make reference to ambitious plans outlined in the soon to be finalised National Ocean Policy, in particular, this includes sustainable sea transportation, 100 percent sustainable management of Fiji’s Exclusive Economic Zone and establishment of 30 percent Marine Protected Areas.”
The Prime Minister Frank Bainimarama has expressed his interest to submit a video message for the Summit announcing Fiji’s updated NDC.
SOURCE: FIJI GOVT/PACNEWS
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